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UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says the southern England’s gas distribution pipeline network operator SGN has confirmed that its local transmission system can accept all the potential future gas production from its wholly-owned Loxley gas discovery in Surrey, England. The firm says a pipeline routeing study to the identified grid entry point can now begin. UK Oil & Gas says this provides a ‘clear route’ to the wider gas market and the monetisation of Loxley’s gas as a result. SGN network analysis shows that its local transmission system can accept 34,500 cubic metres per share. This corresponds to Loxley’s high-side forecast field production. Current stock price: 0.063 pence, up 2.1% in London on Monday afternoon 12-month change: down 37% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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